![]() ![]() Very unusual data center tenantsĪt least $600 million is expected to be spent on Bitcoin mining infrastructure in the second half of this year, according to a recent estimate. Mining capacity is a trade secret in the world of mining companies, and the total amount of power a company consumes could easily be used by a competitor to calculate, with reasonable accuracy, how many servers it is running, Iyengar explained. Iyengar also declined to disclose the exact amount of power the company’s infrastructure uses or has contracted for with CenturyLink, saying only that it was north of 10 megawatts but that it would be north of 20 megawatts “very soon.” The other providers, he said, were single-location data center companies. It is safer to disclose the names of companies like the ones he did disclose, since they operate in multiple locations, and it is impossible to deduce which locations the mining servers live in. Other than CenturyLink and C7 Data Centers, Iyengar was reluctant to disclose the names of CoinTerra’s other data center providers for security purposes. Location, power requirements kept close to vest It currently has about eight data center locations, all in North America, including the four it has leased from CenturyLink. The company’s CEO Ravi Iyengar said this estimate was based on the number of mining servers it has shipped to customers or deployed in its own data centers and the total mining performance of the network.ĬoinTerra’s main revenue stream is the Bitcoin value mined by its own servers, but the company also provides mining as a service to others and sells mining hardware. The company recently signed with Austin-based CoinTerra, a major player in the Bitcoin-mining-infrastructure ecosystem, as a tenant starting with four of its data centers.Īccording to CoinTerra, about 15 percent of the global Bitcoin network runs on its hardware. It is a tricky business, however, and not every provider can make the math of providing a fairly bare-bones space-and-power product to Bitcoin mining companies work.ĬenturyLink Technology Solutions has become the latest provider to take a crack at this market. Bitcoin mining infrastructure has very quickly (over the course of only the past couple of years) grown into a substantial market niche for data center providers. ![]()
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